JUDGMENT

1. This writ petition has been filed challenging the order dated 17.09.2020 passed by the respondent-RIICO whereby, the allotment of land made in favour of the petitioner has been withdrawn. The order is under challenge on two grounds, i.e., on its merit as well as the rate of interest on the refund amount.

2. The facts in brief are that the petitioner being the highest bidder in an open auction, was allotted an industrial plot measuring 15.90 acres by the RIICO vide allotment letter dated 03.01.2006 for construction of an amusement park/resort at Industrial Area, Jirota. The petitioner deposited the entire sale consideration of Rs.2,42,84,228/- within the stipulated time. Vide its possession letter dated 05.05.2007, the respondent handed over its physical possession to the petitioner. On 10.03.2008, lease agreement was executed between the parties and was submitted for registration with the Sub-Registrar, Dausa on 15.03.2008; but, could not be registered because of an ad-interim order dated 18.05.2007 passed by the learned District Judge, Dausa in civil suit filed by one Babu Lal against the respondent-RIICO and other parties which was confirmed on 12.02.2008. In the civil